Cost of the asset, / $90,000 Useful life, N ? years Salvage value, S S10,000
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A: (a)
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A: Working note:
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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
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A: Total cost = Cost + Shipping charges + setup charges = 800000+0+15600 = $815,600
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A: Depreciation is the allocation of cost of asset over the period of asset's life. There are various…
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Compute the declining-balance
following data:
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- Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts not only depreciation expense each year but also the assets book value. What amount will be recorded as depreciation expense each year, and what will the book value be at the end of each year after depreciation is recorded?Find the capitalized cost of an asset whose cost is P120,000 and a salvage value of 1P5,000, economic life is 20 years at 3%.onsider the following data on an asset:Cost of the asset, I $235,000Useful life, N 5 yearsSalvage value, S $ 60,000Compute the annual depreciation allowances and theresulting book values, using(a) The straight-line depreciation method.(b) The double-declining-balance method
- Consider the following data on an asset:Cost of the asset. I $ 120,000Useful life. N 5 yearsSalvage value. S $30.000Compute the annual depreciation allowances and the resulting book valtu.:s.using the following methods:(a) The straight-line depreciation method(b) TI1e declining-balance methodAn asset is purchased for P9,000. Its estimated life is 10 years after which it will be sold for P1,000. Find the book value during the first year if sum of the year's digit (SYD) depreciation is used. Formulas: a) Sum of the years = n(n+1)/2, where n is the useful life b) Depreciation Expense = (Remaining life / Sum of the years digits) x (Cost – Salvage value) c) Book Value for the 1st year = cost –depreciationAn asset has a first cost of $12,000, an annual operating cost of $3500 and a salvage value of $5000 after 7 years. Calculate the annual worth for one cycle ati = 2096 1743 5836 C3475 c 6442
- An Equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by sinking fund method at 4% interestCompute the 175% DB depreciation schedule for an asset with the followingdata:Cost of the asset, I $25,000Useful life, N 5 YearsSalvage value, S $3,000(a) What is the value of a?(b) What is the amount of depreciation for the first full year of use?( c) What is the book value of the asset at the end of the fourth year?An asset is purchased for P9,000.00. Its estimated economic life is 10 years after which it will be sold for P1,000.00. Find the depreciation in the first three years using straight line method.
- The initial cost of a piece of construction equipment is P30,000,000 having a useful life of 10 years. The estimated salvage value of the equipment at the end of the useful life is P450,000. Determine accumulated depreciation at the end of 5th year using Sinking fund method, if interest rate is 8.2 % per year?Find the book value of an asset that has an installed cost of $200,000, a recovery period of 5 years and an elapsed time since purchase of 3 years.Select one:a. $87,000b. $58,000c. $43,000d. $116,000An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using sinking fund method assuming i = 8%.
